According to analysts at TD Securities, US import prices are expected to have declined for the first time in five months at -0.2% m/m in May, which would bring the annual rate lower to -1.2%, a notable drop from -0.2% y/y in April.
Key Quotes
“Jobless claims should remain subdued at a soft 215k for the week of Jun 8, largely unchanged vs the previous week.”
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